Flipkart flips in $160 million funds

The e-commerce player, whose future looked bleak, a few months back, gives it back by raising another huge amount of funding. This time Flipkart, one of India‘s largest marketplace, has raised $160 million from  from private equity investors. The investors include Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina , Vulcan Capital and Tiger Global. (The investment is surely more than what was expected, like we reported.)

This takes the total amount raised by Flipkart, this year, to $360 million. The amount is has been raised to drive, build and strengthen technology and accelerate its supply chain.

 

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